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On Our Radar

Apple Sells 3 Million iPads in First Weekend

Apple (AAPL) said on Monday that it sold three million iPads in the first three days since the launch of its new iPad mini and fourth-generation iPad, doubling the previous record reached in March for the third-generation device.

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“We set a new launch weekend record and practically sold out of iPad minis,” Apple CEO Tim Cook said in a statement. “We're working hard to build more quickly to meet the incredible demand.”

The WiFi + cellular versions of both the iPad mini and newest iPad will ship in a “few weeks” in the U.S. and to other countries, including Japan, China, France, Australia and Germany, later this year, Apple said.

The iPad mini with WiFi is selling for $329 for the 16 gigabyte model to as high as $529 for the 64 GB model. The WiFi + Cellular version ranges from $459 to $659.

The fourth-generation iPad with WiFi ranges from $499 to $699, while the WiFi + Cellular model will be priced between $629 and $829.